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Strategies & Market Trends : Tech Stock Options
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To: HiSpeed who wrote (56796)10/31/1998 8:42:00 PM
From: James Strauss  Read Replies (2) of 58727
 
HS:

There is doubt growing about whether the FED will cut rates again Nov 17... This is good... It will provide a surprise element when they do it... The 1/2 point cut wasn't enough to negate a possible recession and liquify the credit markets... AG knows some scary things that we don't know... We may see some manufactured spin that the economy is too strong... This may serve to give us a minor correction in the next week or so... That will make it politically easier for the FED to cut rates again...

Jim
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